Compare days outstanding in inventory to previous periods


Substantive analytical procedures that can test the fairness of inventory and related accounts include all of the following, except:

A. Compare days outstanding in inventory to previous periods and industry data.

B. Trace a sample of payroll checks to the payroll register.

C. Compare gross profit percentage by product line with previous periods' and industry data.

D. Compare actual cost of goods sold to budgeted amounts.

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Financial Management: Compare days outstanding in inventory to previous periods
Reference No:- TGS02795046

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